Shares of Ballard Power Systems Inc. (NASDAQ:BLDP – Get Free Report) (TSE:BLD) have been assigned an average rating of “Reduce” from the sixteen ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $2.31.
BLDP has been the subject of a number of recent research reports. TD Cowen raised Ballard Power Systems to a “strong sell” rating in a research report on Monday, January 13th. Raymond James reduced their target price on shares of Ballard Power Systems from $2.50 to $2.00 and set a “market perform” rating for the company in a report on Friday. BMO Capital Markets cut their price target on shares of Ballard Power Systems from $1.30 to $1.20 and set an “underperform” rating on the stock in a research report on Friday. CIBC cut their price target on shares of Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating on the stock in a research report on Wednesday, December 4th. Finally, National Bankshares cut their price target on shares of Ballard Power Systems from $2.60 to $2.00 and set a “sector perform” rating on the stock in a research report on Friday.
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Ballard Power Systems Price Performance
NASDAQ BLDP opened at $1.32 on Monday. The business has a 50 day simple moving average of $1.43 and a 200 day simple moving average of $1.55. Ballard Power Systems has a 52-week low of $1.08 and a 52-week high of $3.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01. The stock has a market cap of $395.26 million, a price-to-earnings ratio of -1.20 and a beta of 1.75.
Ballard Power Systems Company Profile
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.
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